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Transport Minister: Govt could approve Penang Island-Mainland LRT

Property News/ 18 July 2023 10 comments

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The unity government could greenlight an LRT project that would connect Penang island with mainland Seberang Perai, says transport minister Loke Siew Fook.

Loke, who is also the DAP secretary-general, said Putrajaya had previously approved an LRT project on the island connecting Bayan Lepas to Komtar in George Town.

“But Datuk Seri Anwar Ibrahim told me we can’t only have LRT on the island. We need to connect the island and Seberang Perai,” he told a huge crowd at the “Ceramah Madani” at the Seberang Jaya expo ground last night.

“With the backing of the prime minister, who is also the finance minister, we are confident we can carry out an LRT project that would connect the island and Seberang Perai

“This would ease Penangites to cross over (to Seberang Perai), and this (the project) would definitely spur the economy (of Penang).”

In January, chief minister Chow Kon Yeow was reported to have said that the state government was waiting to discuss the proposed George Town-Butterworth LRT link with both Anwar and Loke.

He said the proposed project would be an extension to the island’s LRT project, and connect the KTMB railway line from Butterworth to Bayan Lepas, state-owned Buletin Mutiara reported.

Source: FMT Online

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Ceria D’ Eco Horizon Show Unit Open for Viewing!

Property News/ 17 July 2023 No comments

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We are thrilled to announce that the highly anticipated Ceria D’ Eco Horizon Show Unit is now open for viewing. This marks a significant milestone for the Eco Horizon township as it unveils its First High-Rise Project, offering an exceptional living experience for individuals and families alike.

The Ceria D’ Eco Horizon Show Unit showcases a spacious 1,000 sqft, featuring 3 bedrooms, 2 bathrooms, and 2 car parks. The unit also comes with a semi-furnished package ensuring convenience and comfort for future residents. Whether you are a first time homeowner or looking to upgrade your living space, Ceria D’ Eco Horizon offers an excellent opportunity to invest in a modern and well-appointed property.

Ceria D’ Eco Horizon offers a freehold tenure, providing residents with a long-term ownership and peace of mind. The development comprises 1,302 serviced residence units within 2 blocks, catering to a diverse range of lifestyles and preferences. The indicative price of these units starts at RM 443,800, making it an attractive investment option in today’s market.

The opening of the Ceria D’ Eco Horizon Show Unit presents an excellent opportunity for potential buyers and investors to experience the quality and craftsmanship firsthand, it allows you to explore the layout, design, and finishes of the units, helping you made an informed decision about your future home or investment.

EcoWorld invites you to visit the Ceria D’ Eco Horizon Show Unit and discover the exceptional lifestyle it offers. Immerse yourself in the stylish ambiance, envision the possibilities, and seize the chance to become part of the thriving community.

Don’t miss out on this remarkable opportunity! Be sure to schedule your visit to the Ceria D’ Eco Horizon Show Unit today and witness the future of urban living in Batu Kawan.

PROJECT DETAILS:

Project Name: Ceria D’ Eco Horizon
Location: Bandar Cassia, Penang (Batu Kawan)
Tenure: Freehold
Built-Up Size: 1,000 Sqft
Indicative Price: RM 443,800 – RM 492,000
Developer: Eco Horizon Sdn Bhd.

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*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

UPCOMING: Balik Pulau / MTT Properties & Development SB

Balik Pulau/ 16 July 2023 No comments

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Yet another proposed residential development by MTT Properties & Development Sdn. Bhd. within the vicinity of Botanica.CT in Balik Pulau. Strategically located off Jalan Sungai Air Putih, just a stone’s throw away from Prince of Wales Island International School. It is just a mere minutes drive to Botanica CT Centre and other surrounding amenities.

This development will offer an exclusive gated and guarded community, consisting of 76 units of 2-storey terrace houses and a community hall. As the project is currently in the planning stage, we anticipate sharing more comprehensive details about the development upon its official launch.

Project Name: (to be confirmed)
Location : Balik Pulau
Property Type : Terrace (Gated & guarded)
Built-up Size: (to be confirmed)
Land Area: (to be confirmed)
Total Units: 76
Land Tenure: Freehold
Indicative Price : (to be confirmed)
Developer: MTT Properties & Development Sdn. Bhd.

Register your interest here for updates on this project and other property news

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.
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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

Affordable housing @ Jelutong (formerly known as Mutiara Rini & Mutiara Ria)

Jelutong/ 14 July 2023 11 comments

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An upcoming affordable housing project in Jelutong, undertaken by JKP Jelutong Development Sdn. Bhd., which is a joint venture company between JKP Sdn. Bhd. and GSD Land Sdn. Bhd. Strategically located right next to Tun Dr. LCE Expressway, less than 500 meters away from Jalan Ahmad Nor exit. Two projects that were formerly planned on the project site were known as Mutiara Rini and Mutiara Rini.

The new development plan involves the construction of two skyscrapers, one with 38 storeys and the other with 54 storeys. These buildings will house a total of 1,245 affordable housing units, each featuring a built-up size of 950 sq.ft. Residents will have access to a range of amenities, including multi-storey car parks, swimming pools, children’s wading pools, playgrounds, saunas, fitness rooms, community halls, and various leisure areas.

The project is scheduled to commence in the early part of next year, with the units expected to be priced at RM300,000. The completion of the project is slated to take place within a timeframe of 5 years.

READ MORE ABOUT AFFORDABLE HOUSING:

Project Name : (to be confirmed)
Location : Jelutong
Property Type : Affordable housing
Tenure: (to be confirmed)
Land Area: (to be confirmed)
Built-up Size: 950sq.ft.
Total Units : 1,245
Indicative Price : RM300,000
Developer : JKP Jelutong Development Sdn. Bhd.

Register your interest here for updates on this project and other property news

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.
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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

Taiwan’s EMC to set up a new factory in Penang

zhongsanemc

According to Taiwan’s media reports, Taiwan’s copper clad laminate (CCL) leader – Elite Material Co., Ltd. (EMC) announced that it will spend about RM186 million ringgits for a new factory in Penang.

EMC plans to expand its monthly CCL production capacity to 900,000 units in two phases. The production capacity is close to the scale of the existing plants in Zhongshan and Huangshi. The initial phase of production capacity is slated for release in 2025. EMC has expressed that the plant will serve as the primary growth driver in the coming years.

The new plant will be situated north of the Penang Science Park, covering an area of approximately 14 acres. Construction is expected to commence in the third quarter of 2023 and will be executed in two phases. The first phase will have a monthly production capacity of approximately 450,000 units. Upon completion of both phases, the new factory will be capable of achieving a monthly production capacity of 900,000 units.

The initial phase is scheduled to commence in early 2025, catering to global customers and generating new growth momentum for the group in the years ahead.